Sentences with phrase «sublease space»

Oil and gas firms having to downsize or merge are now offering 22.6 million sq. ft. of sublease space in the top seven North American markets, almost double the 10 - year average, according to a recent JLL report.

CoStar also measured a rise in sublease space in the market.

Citywide, available sublease space increased over the quarter from 8.8 million SF to 9.0 million SF, or 3.8 % of Houston's total office inventory.

When Brandt moved to England after the war, Parsons subleased the space from him and opened her own gallery at the urging of her artists.

Jones Lang LaSalle deals with this issue by subleasing space for its clients.

The space is available immediately and can house about 1,400 employees, making it the single largest sublease space available in San Francisco, according to the San Francisco Business Times, which first reported the story.

Future Aurora owners can live in, visit, or sublease their space condo.

[3] When Brandt moved to England after the war, Parsons subleased the space from him and opened her own gallery at the urging of her artists.

About 24 percent of its 631,400 square feet is available, including sublease space, according to research firm CoStar Group.

The office sector continues to reel from the effects of corporate downsizing — with falling occupancy rates and a glut of sublease space putting downward pressure on rents.

Oil companies trying to stem losses have shrunk personnel and put sublease space on the market, but demand for the space just isn't there, with available subleases coming to market five times faster than new leases are being signed, according to a recent JLL report on Houston.

Companies subleasing space in the city include marquee tech companies like Dropbox, Twitter (TWTR), and Zenefits, as well as non-tech companies like Charles Schwab (SCHW).

«Thus, any tech sublease space that hits the market — a sign that firms have possible sopped growing and have started shrinking — makes a lot of people very nervous.»

While the share of sublease space points to a slowing tech industry locally, it's not all bad news.

Unlike the majority of coworking spaces, Spacious is not subleasing a space from the landlord.

The Research Foundation, which subleases the space to both SUNY Poly and commercial tenants, signed a three - year lease for 18,984 square feet of lab space and 46,547 square feet of office space at SUNY Poly at $ 2.7 million annually.

Cuomo, who controls and funds the state committee, has used Berman as a spokesman on political matters for months and his small team currently subleases space from the state party.

The outlook for 2016 is expected to be extremely slow in Houston, with rising vacancies, flat or even declining rents and a heavy load of space still left to absorb due to a high volume of sublease space coming back to the market and a wave of new construction completions.

«Even corporations with very rigid design standards are relaxing those standards and not remodeling, especially if they are taking subleased space,» she says.

Availability is calculated on any space being paid for thus sublease space is shown as occupied.

When sublease space is factored in, the overall suburban vacancy rate fell to 23 percent during the fourth quarter, still high but lower than the 23.6 percent rate of the third quarter, or 24.8 percent a year ago.

Best Buy is considering subleasing space in existing stores as one way to achieve the reduction.

«But if you compare a good quality sublease space to a good, quality space direct from its owner, you're seeing maybe a 10 percent markdown.»

Rates will stabilize as lower - priced, second - generation and sublease space become more prominent.

Slight negative absorption of 28,363 sf in the first quarter ticked overall market vacancy up to 9.6 %, with direct vacancy (which excludes available sublease space) ending at 8.7 %.

No new buildings are likely to be announced in the short term due to the vacant space created by tenants relocating to new buildings, as well as some large sublease spaces that have come on line.

«Future Aurora owners can live in, visit, or sublease their space condo.»

These healthy markets contrast with northern and central New Jersey, where availability rates — including sublease space — jumped from less than 10 % at year - end 2000 to 18 % at year - end 2001.

The biggest indicator: There's suddenly 1.7 million square feet of sublease space available in San Francisco, up more than 50 percent from 1.1 million square feet in November, according to CBRE Group, a commercial real estate services and investment firm.

Espaillat said he is hoping to replicate the success Hudson Heights had this past June in a similar situation, where Walgreens agreed to sublease a space for an Associated Supermarket, as DNAinfo New York previously reported.

Office spaces come in a variety of options, but subleasing a space in someone else's office is -LSB-...]

«I can confirm that pending the outcome of the head - tax vote by City Council, Amazon has paused all construction planning on our Block 18 project in downtown Seattle and is evaluating options to sublease all space in our recently leased Rainier Square building,» Amazon VP Drew Herdener told the Seattle Times.

Sublease spaces have asking rents about 17 % below that of direct space and is often move - in ready with furniture, making it more affordable for smaller or new firms.

Pfeil said that in the past the JCC had subleased the space to retail companies, including a book store and a clothing store.

Amazon says it will resume planning to build its 17 - story Block 18 tower, but it is still weighing whether to sublease space in the Rainier...

When a person signs something agreeing to rent a space for a given amount of time, what's the difference between the person subletting, assigning and subleasing the space?

Does your name appear, or only the name of the entity that is subleasing the space?

To keep her business up and running, she subleases space in a nearby office building to use as a temporary shop.

«Sublease space is offered at a discount, and that is putting a little dent in rental rates,» said Jesse Gundersheim, a market economist with CoStar.

As the office market continues to eke out its recovery, the sector is still trying to dig out from under a sizable load of sublease space.

Nationally, the volume of sublease space has improved markedly since the pea...

The supply of sublease space is fueled by tech companies, such as Salesforce, that are moving into new headquarters and putting their old offices on the market, as well as by companies such as Twitter Inc. whose real estate needs have fallen short of their planning, according to Gundersheim.

In particular, Houston's «Energy Corridor» on the west side of the metro has been dealing with a significant amount of sublease space and rising concessions.

«We think some of that sublease space is going to be competitive with regular space,» Follman says.

Sublease space in the city's top office sub-markets is now more than double the average inventory, with about 587,000 sq. ft. coming on - line monthly.

Nationally, the volume of sublease space has improved markedly since the peak of the recession.

Available sublease space — which can be an indicator of companies scaling back after growing too fast — jumped to almost 1.5 million square feet (139,000 square meters) in the second quarter from 822,000 square feet in the prior three months.

The corporate subsidiary enters into the lease agreement with the landlord and reserves the right to sublease the space to an approved franchisee, who is required to pay for the build - out of the retail space and the ongoing lease payments.

Retailers that signed leases at high prices in the past several years and are seeking a tenant to sublease their space are also included, according to Steve Soutendijk, an executive director at Cushman.

The decrease is attributed primarily to the leasing of sublease space.